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Goldex Resources Corporation
 

Goldex Assays Multiple High Grade Gold/Silver Samples up to 410 g/t Au from Northern Zones at El Pato

VANCOUVER, BC – Goldex Resources Corporation (TSX VENTURE: GDX) (“Goldex” or the “Company”) today announced further high grade gold and silver assays sampled from the newly explored Northern Zones at El Pato, its flagship property in Guatemala.

The four areas sampled were El Poxte, El Jabillo, Plan de Guineo and El Pital. Surface samples were taken by Alejandro Cacao, Goldex’s senior Guatemalan geologist and Steven Park, a qualified person as defined by National Instrument 43-101. These sectors lie roughly 1-2 km north and northeast of the principal zones of El Pato within a similar geological environment, namely granodiorite host rock with epithermal banded quartz veins that contain pyrite and arsenopyrite. Veins are 0.15m to 1.5m in true thickness and trend northwest to north-northwest with low dip angles (20-35 degrees) to the northeast.

The samples taken show the presence of very high grade gold numbers as well as significant silver grades.  Out of the 58 samples taken, eight reported grades higher than 100 g/t Au with the highest value at 410 g/t Au. The sheer number of high grade samples suggests an exciting region for exploration that has Goldex geological teams already drawing up plans for next stage programs in the area including a diamond drill program.  Goldex will also continue exploration work on the principal sectors of the El Pato zone.

Goldex’s primary focus of recent exploration work has been on the principal zones of the El Pato area:  Cerrito, Cerrito West, El Roque and Agua Zarca.  Mr. Cacao had also taken reconnaissance rock chip samples in the Northern Zones during this time leading to the identification of several veins in the area.  Mr. Park conducted sampling of his own in the Northern Zones during October 2011 which verified Mr. Cacao’s previous sampling work.

Assays are listed in the table below; those marked with an ‘SP’ denote Mr. Park’s sampling while those marked with an ‘AC’ denote Mr. Cacao’s. The 58 samples taken include both float and outcrop rock chips of which six samples showed no significant results and are not listed. Float samples are denoted by a sample number ending with ‘F’.

 

 

Sample #

Thickness

Length

Au g/t

Ag g/t

Sampled by

Plan de Guineo/El Pital* Sector

 

 

 

 

15243

1.00

NA

0.036

<0.1

SP

15244

0.80

0.80

0.862

2.7

SP

15245

0.50

0.50

0.876

4.2

SP

15246

0.80

1.00

35.154

41.7

SP

15247

1.50

NA

0.012

<0.1

SP

15248

0.30

0.50

2.795

11.2

SP

15249

0.20

0.20

4.408

48.2

SP

39765

0.30

0.30

2.537

3.5

AC

39766

1.00

1.00

1.406

16.5

AC

39767

0.50

0.50

302.119

>200.0

AC

100070

1.50

1.50

12.000

100.5

AC

100071F

NA

NA

240.475

>200.0

AC

100072

0.80

0.80

110.809

166.2

AC

100073

0.40

0.40

17.76

47.2

AC

100074

0.25

0.25

342.919

>200.0

AC

100075

1.00

1.00

34.662

103.3

AC

123756

NA

NA

60.342

>200.0

AC

123757

0.50

0.50

4.834

12.1

AC

123758

NA

NA

0.857

<0.1

AC

123760

0.50

0.50

0.960

0.4

AC

123762

0.30

0.30

185.550

>200.0

AC

123763

0.40

0.40

410.529

>200.0

AC

123778

1.00

1.00

0.446

4.0

AC

123780F

NA

NA

0.960

6.3

AC

123784F

NA

NA

0.069

<0.1

AC

123785F

NA

NA

8.743

27.2

AC

123786

0.25

0.25

0.411

<0.1

AC

123787

0.40

0.40

0.480

<0.1

AC

123788F

NA

NA

3.429

7.5

AC

123789F

NA

NA

0.137

0.2

AC

 

Sample #

Thickness

Length

Au g/t

Ag g/t

Sampled by

El Poxte Sector

 

 

 

 

 

15088

0.50

1.0

35.278

16.3

SP

15089

1.20

0.7

1.098

<0.1

SP

39577

0.15

0.15

171.219

184.8

AC

39578

0.30

0.30

0.137

0.6

AC

39579

1.75

1.00

39.359

11.4

AC

39580

1.50

1.00

129.186

97.5

AC

39581

4.00

1.00

39.222

15.4

AC

39582

4.00

1.00

4.320

4.0

AC

39583

2.00

1.00

0.034

0.2

AC

39803

0.30

0.30

290.840

92.5

AC

39804

0.20

0.20

93.187

23.9

AC

El Jabillo Sector

 

 

 

 

 

15087

0.15

1.0

50.035

18.4

SP

15091

1.50

0.6

0.249

0.5

SP

15250

0.40

NA

1.184

0.7

SP

39238

0.50

0.50

68.913

28.9

AC

39239

0.40

0.40

31.679

14.7

AC

39240

0.30

0.30

0.891

1.0

AC

39241

0.50

0.50

11.005

8.6

AC

 39439

NA

1.00

10.217

9.9

AC

39440

NA

1.00

0.754

2.3

AC

39441

NA

1.00

2.194

2.1

AC

39447

NA

1.00

9.806

5.4

AC

39449

NA

1.00

0.617

0.8

AC

39450

0.50

0.50

0.480

1.5

AC

39451

NA

1.00

46.970

42.8

AC

39452

NA

1.00

2.606

5.1

AC

39453

NA

1.00

0.891

1.9

AC

 

 

 

 

 

 

 

All samples were submitted to Inspectorate labs in Guatemala for preparation and then sent to Reno, an ISO certified lab for assay. Samples were assayed by utilizing 30 gram fire assays with a gravimetric finish for gold and four acid digestion with atomic absorption finish for Silver. Grab samples are selective and may not be representative of mineralization on the property.

*Mr. Park did not sample in the El Pital area.

This news release has been reviewed by Steven L. Park, P. Geo., a qualified person consistent with NI 43-101.

 

Charles E. Ross, Director and President

GOLDEX RESOURCES CORPORATION

Update El Arco:

Goldex is expecting the results from the recent 4000m RC program at EL Arco. Drill holes intercepted numerous quartz veins; the deepest holes reached 300m in depth.  Drill chip samples are being analyzed for Au and Ag plus a 30-element package on the recommendation of the local Goldex geological team.

About Goldex Resources Corp

Goldex is a junior resources company exploring for gold in the Americas. A twelve hole drill program has recently been completed on the El Arco property. Goldex is in application for an Exploitation Licence at El Pato. Goldex also has rights to the La Chorrera property, also in Guatemala. Goldex is listed on the Toronto Venture Exchange (TSX VENTURE: GDX).